Signature Aviation (LSE:SIG) Total Inventories : £26 Mil (As of Dec. 2020)

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What is Signature Aviation Total Inventories?

Signature Aviation's total inventories for the quarter that ended in Dec. 2020 was £26 Mil. Signature Aviation's average total inventories from the quarter that ended in Jun. 2020 to the quarter that ended in Dec. 2020 was £25 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Signature Aviation's Net-Net Working Capital per share for the quarter that ended in Dec. 2020 was £-2.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Signature Aviation's Days Inventory for the six months ended in Dec. 2020 was 10.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. Signature Aviation's Inventory Turnover for the quarter that ended in Dec. 2020 was 16.77.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Signature Aviation's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.05.

Signature Aviation Total Inventories Historical Data

The historical data trend for Signature Aviation's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Signature Aviation Total Inventories Chart

Signature Aviation Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Inventories

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188.88

186.43

95.04

33.57

26.19

Signature Aviation Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Total Inventories	Get a 7-Day Free Trial															95.04	108.72	33.57	23.25	26.19

Signature Aviation Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Signature Aviation (LSE:SIG) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Signature Aviation's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2020 is

	Net-Net Working Capital Per Share (Q: Dec. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(124.992	+	0.75 * 109.07	+	0.5 * 26.189	-	2229.991
-	0	-	1.042)	/	828.844
=	-2.43

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Signature Aviation's Days Inventory for the six months ended in Dec. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2020 )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
	=	24.72	/	414.631	*	365 / 2
	=	10.88

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Signature Aviation's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2020 )	/	Average Total Inventories (Q: Dec. 2020 )
	=	414.631	/	24.72
	=	16.77

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Signature Aviation's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2020 )	/	Revenue (Q: Dec. 2020 )
	=	24.72	/	529.133
	=	0.05

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Signature Aviation Total Inventories Related Terms

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Signature Aviation (LSE:SIG) Business Description

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Address

105 Wigmore Street, London, GBR, W1U 1QY

Website

https://www.signatureaviation.com

Signature Aviation is a United Kingdom-based global aviation support and aftermarket services provider that focuses on servicing the business and general aviation market. The group, including Signature FBO, TechnicAir, and Epic fuels, provides full-service flight and home-base support through the fixed-base operation network for business and general aviation users. The company operates through three segments: owner operators, fractional owner operators, and charter operators. Epic provides fuel and fuel-related services at fixed-base networks across North America, including fuel purchasing cards and transaction processing. The company generates most of its revenue in North America.